S&P says U.S. tech firms could wind up as collateral damage in Huawei ban


CNET reports that the boomerang effect from Huawei’s placement on the Commerce Department’s Entity List is going to be bad for U.S. tech firms. This is according to credit rating agency S&P. Huawei’s placement on the list last month means that the manufacturer is unable to obtain U.S. parts and software without a license granted by the U.S. government. While Huawei is still running on a limited 90-day reprieve, its newer handsets will have to use an Android alternative developed in-house. While it might have a year’s worth of chips at its disposal, after the parts are gone it might have …

Go to Source